Market Updates

September 16, 2016

WOW - What a result!

SOLD AT AUCTION
Wednesday 14th September at 12noon
36 Isabella St Moorabbin

In front of a crowd of around 80 people, an older-style free standing warehouse sold under the hammer for an incredible $1,175,000.

Selling well and truly above the reserve price, the property was highly sort after with Nixon Industrial auctioneer Matt Nichols taking 116 bids from 8 groups.  

According to Nixon Industrial managing director,Matt Nichols , ”We are seeing huge interest from both owner occupiers and investors in recent months.  Low interest rates are tempting tenants to purchase and investors are happy to buy vacant and lease out thereafter.”

This sale has certainly re-valued property in the area. Should you like to discuss the impact this sale has had on the value of your property, please cal us.

Matt Nichols 0418 186 488